Group Income Statement

For the year ended 31 March

	Note	2009 $m	2008 $m
Revenue:
Performance fees		627	1,192
Management and other fees		1,861	2,030
		2,488	3,222
Gains/(losses) on investments at fair value		(260)	(51)
Sales commissions	1	(411)	(391)
Accelerated amortisation of MGS sales commissions	2	(107)	-
Total sales commissions		(518)	(391)
Compensation	3	(463)	(639)
Restructuring	2	(37)	-
Total compensation costs		(500)	(639)
Other costs	4	(275)	(238)
Share of after tax profit of associates and joint ventures	14	144	86
Gain on disposal of 50% of subsidiary	2	48	-
Impairment of Ore Hill investments and goodwill	2	(299)	-
Loss arising from residual interest in brokerage assets	2	(105)	-
Finance income		58	145
Finance expense		(38)	(55)
Net finance income	5	20	90
Profit before tax from continuing operations		743	2,079
Taxation	6	(240)	(362)
Profit after tax from continuing operations		503	1,717
Discontinued operations - brokerage	25	-	1,753
Profit for the year		503	3,470
Attributable to:
Equity holders of the Company		503	3,471
Equity minority interests		-	(1)
		503	3,470
Earnings per share	7
From continuing operations
Basic (cents)		28.7	92.8
Diluted (cents)		28.4	90.2
From continuing and discontinued operations
Basic (cents)		28.7	187.7
Diluted (cents)		28.4	182.0